Official rates of banking metals from national bank as of November 23
One troy ounce=31.10 grams
Ferrexpo entered the top 4 family-friendly companies in Ukraine and topped the rating in Mining and Metallurgical Industry. On November 23, 2021, the official presentation of the research results and the announcement of the winners took place. The survey was conducted by the Center for the Development of Corporate Social Responsibility at the request of the United Nations Population Fund in Ukraine. 50 companies from 16 economy sectors took part in the survey.
Ferrexpo Group Business Units (Poltava Mining, Yeristovo Mining, Belanovo Mining) implement a policy aimed at supporting male and female workers with their families. The company uses best practices to create favorable conditions for meeting the needs of people in the company.
For a balance between work and personal life, at the level of corporate culture, mutual respect for a person’s personal time is maintained, so it is not customary to bother a colleague after the end of the working day, on weekends or during holidays, with the exception of emergency production situations. For the third year in a row, the Employee Well-Being Program has been in operation, training webinars on physical and mental health, financial literacy have been held. There is a hotline of psychological support on an ongoing basis, to which every male or female employee can apply.
To preserve and improve the physical health of the staff, Ferrexpo operates an expanded medical life and health insurance program, conducts medical examinations at its own medical and sanitary base with the latest equipment, provides free access to the swimming pool, preferential vouchers for health improvement and classes in a sports complex.
Ferrexpo is a leader in Ukraine in the implementation of the gender equality and inclusion principles. The women of the company are provided with comprehensive support for maximum self-realization both at home and at work. More than 160 women are trained at the Fe_Munity Women’s Leadership School, where they receive support and motivation. For women on maternity leave, remote or flexible working hours are possible. The Paternity leave program has been implemented is if a married couple works at the Business Unit, and the man’s salary are higher, with participation in the program, the wife will receive compensation in salary while the man is on paternity leave, so that the family budget does not suffer.
Ferrexpo has a number of benefits in accordance with the terms of the collective agreement, in addition to what is assigned by law. For example, a material payment in connection with marriage, to the parents of a first-grader, New Year’s gifts and preferential health-improving vouchers for children, financial assistance to employees who find themselves in difficult life circumstances.
Anna Adom, HR Director of Ferrexpo Poltava Mining
“A family-friendly attitude on the part of the employer has a positive effect on labor productivity. We understand that comfortable working conditions for employees with family responsibilities contribute to increased loyalty to the employer. And the well-being of our employees, generally, has a positive effect on the efficiency of our company.”
About Ferrexpo:
Ferrexpo is a Swiss headquartered iron ore company with assets in Ukraine. It has been.mining, processing and selling high quality iron ore pellets to the global steel industry for over 40 years. In 2020, the Group produced 11.2 million tonnes of iron ore pellets, a 7% increase on the prior year. The Company is ranked as the world’s 3rd largest exporter of pellets to the global steel industry with a market share of approximately 9%. Ferrexpo has a diversified customer base supplying steel mills in Austria, Germany, Japan, South Korea, Taiwan, China, Slovakia, the Czech Republic, Turkey, Vietnam and America. Ferrexpo has a premium listing on the main market of the London Stock Exchange under the ticker FXPO. For further information, please visit www.ferrexpo.com.
Ukraine intends to prohibit former owners of failed banks from participating in public procurement and privatization until they take measures to pay off their debts to the Deposit Guarantee Fund, according to a memorandum signed between Ukraine and the International Monetary Fund (IMF).”We will specifically enumerate measures that can be taken to end the state’s business-as-usual with former owners of failed banks until the latter have taken actions to satisfy their debts to the Deposit Guarantee Fund, for example, by prohibiting former bank owners of resolved banks, their related parties, and entities controlled by them, with legally ascertained debts to the Deposit Guarantee Fund, from participating in public procurement and privatization processes,” the document said.According to it, Ukraine is stepping up its efforts to boost asset recovery from the former owners and related parties of failed banks to reduce the cost of bank failures to Ukrainian taxpayers.”We recognize the need to take a more comprehensive approach to pursue all commercial and legal avenues available to recover assets from failed banks and hold former owners and former managers of failed banks accountable for losses. This comprehensive approach would demonstrate a strong political commitment and provide a consolidated view on Ukraine’s asset recovery strategy, on policy measures that will fix institutional, legal and coordination gaps forestalling recoveries with due attention,” the memorandum said.In addition, it undertakes to ensure the impossibility of interfering with the work on the return of PrivatBank’s assets.The new structural benchmark is to prepare a comprehensive asset recovery strategy paper and action plan, which will be adopted and published by the Cabinet of Ministers by end-February 2022.
Ukraine, under the updated memorandum with the International Monetary Fund (IMF), has undertaken to complete and publish an audit of the remaining portion of the funds of the Fund to Fight against COVID-19 spent by Ukravtodor by late 2021.”Complete and publish the audit of the remaining portion of the funds spent out of the COVID-related spending program by end-December 2021,” according to the document released by the IMF on Wednesday.This condition is one of the structural benchmarks of the Stand-By Arrangement.It is clarified that all 100% of the funds allocated for the fight against COVID-19 will not be subject to audit, since the costs of a comprehensive audit in this area by far would outweigh the benefit.”We will complete the audit of the remaining portion of the funds spent out of this budget program – mostly spent by the state road fund [UAH 13.3 billion] – by end-December 2021,” the document said.”While confidentiality agreements with suppliers may not allow for public disclosure of details on some spending, we are currently exploring options to make this possible,” it said.According to the memorandum, following the audit of the COVID-related spending, law enforcement agencies are already considering 212 cases.
Ukraine intends to retain the half of $2.7 billion received in August 2021 from the International Monetary Fund (IMF) during SDR distribution as a buffer against future risks, according to the Memorandum of Economic and Financial Policies of Ukraine signed with the IMF, published by the IMF and the Ministry of Finance on Wednesday.”While the deficit has remained in check, given large gross external financing needs including a significant amount of debt maturing that was issued at concessional rates, we have used about half of the recent general SDR allocation,” the government said in the memo. The government said that this will help to buttress our external stability objectives.
The growth of capital investments in Ukraine in July-September 2021 compared to the same period in 2020 amounted to 18.7%, while in April-June the growth was 17.1%, and in January-March there was a decline in capital investments at the level of 9.5%, the State Statistics Service said.According to the service, in the third quarter of this year, UAH 331.666 billion of capital investments were spent (excluding the temporarily occupied Crimea, Sevastopol and the territories of Luhansk and Donetsk regions).The growth of capital investments in the first nine months of this year compared to the same period last year amounted to 9.7%, the State Statistics Service said.In the regional context, a decrease in capital investments in the third quarter of 2021 from the third quarter of 2020 was recorded in Luhansk (by 6.7%) and Kherson (by 5.7%) regions.Capital investments in July-September 2021 compared to July-September 2020 increased in Lviv (by 83.6%), Ivano-Frankivsk (by 80.5%), Kyiv (by 80.4%), Chernivtsi (by 59%), Vinnytsia (42.8%), Cherkasy (41.5%), Zakarpattia (35%), Ternopil (32.1%), Odesa (27.1%), Rivne (25.2%), Kharkiv (by 23.8%), Chernihiv (by 18.5%), Volyn (by 16.7%), Zaporizhia (by 17.8%), Dnipropetrovsk (by 11.6%), Kirovohrad (10.9%), Donetsk (10.3%), Mykolaiv (10.1%), Khmelnytsky (12%) regions and Kyiv (5.6%).
